Apptopia Brokers $200K App Portfolio Sale

Wednesday

BOSTON, Jan. 30, 2013 /PRNewswire/ -- Apptopia, the acquisition platform for mobile apps, today announced that it has brokered a $200,000 acquisition. Apptopia helped facilitate Bluecloud Solutions to sell their entire portfolio to newly formed inte

BOSTON, Jan. 30, 2013 /PRNewswire/ -- Apptopia, the acquisition platform for mobile apps, today announced that it has brokered a $200,000 acquisition. Apptopia helped facilitate Bluecloud Solutions to sell their entire portfolio to newly formed international app fund, AppBin. The deal reflects a milestone for the company as it continues to see greater interest from large financial and investment firms.

"The interest for apps among the investment community has exploded in recent months. Acquisitions like this overwhelmingly demonstrate how big the opportunity is," said Jonathan Kay, co-founder and COO at Apptopia. "The fact that our buyers will see a 6-7 month return on their investment is unbelievable. Our marketplace is full of opportunities with payback periods sub 12 months. I expect these apps and portfolios will be acquired extremely quickly."

"The Bluecloud acquisition provides us with a strong portfolio foundation. At AppBin we have more than doubled the amount of capital at our disposal, and plan to continue to acquire and expand our portfolio," said Yehuda Seinfeld, Traditions Capital Management. "We welcome the opportunity to collaborate with additional top developers, as we tap into the significant global demand for mobile ads."

"My ambition is to become a top publisher in the mobile gaming space. To meet this goal, I needed to streamline my portfolio for it to accelerate with the velocity I want," Carter Thomas, Bluecloud Solutions. "Money aside, I wanted the experience and credibility of closing a six figure deal. It has less to do with the dollars and more about meeting the right people and understanding how to operate at a new level. The Apptopia team helped with every piece of the puzzle. I will work with them for many years to come."

Follow Apptopia on Facebook at http://facebook.com/Apptopia, on Twitter at http://twitter.com/apptopia and on the Apptopia blog at http://blog.apptopia.com for regular news and updates.

About Apptopia Apptopia is a marketplace for developers, businesses and investors to buy and sell apps. Apptopia provides everything from valuation to escrow services and intellectual property transfer. Apptopia was founded in April 2012 and is funded by Mark Cuban and Expansion VC. For more information visit www.apptopia.com.